What is meant by reverse supply chain?

What is a reverse supply chain? It’s the series of activities required to retrieve a used product from a customer and either dispose of it or reuse it. And for a growing number of manufacturers, in industries ranging from carpets to computers, reverse supply chains are becoming an essential part of business.

What is forward and reverse supply chain?

Forward supply chain imply a series of activities required to produce new products from virgin materials and distribute them to consumers while reverse supply chains require collecting used products from consumers and reprocessing them to either recover their leftover market values or dispose of them.

What do you mean by core and reverse supply chain?

Reverse Supply Chain stands for all operations related to the reuse of products and materials. Any process or management after the sale of the product involves reverse logistics. If the product is defective, the customer would return the product.

What is the role of reverse logistics?

Reverse logistics services are designed to move goods from their point of consumption to an end point to capture value or properly dispose products and materials. It deals with the collection of goods, transporting them to a central location, and sorting them according to where their final destination will be.

What are the 5 Rs of reverse logistics?

The five Rs of reverse logistics are returns, reselling, repairs, repackaging and recycling.

What is forward supply chain?

1. Flow of products, services and information from the supplier to the customer in the supply chain.

What is meant by green logistics?

Green logistics describes all attempts to measure and minimize the ecological impact of logistics activities. This includes all activities of the forward and reverse flows of products, information and services between the point of origin and the point of consumption.

How does reverse logistics affect supply chain?

Reverse logistics, as part of a comprehensive supply chain program, will work to reduce your environmental impact. Reverse logistics will help you identify and implement various ways of reusing, reselling, or recycling products and materials that would have otherwise ended up in the landfill.

Which are the different types of reverse supply chain?

As they do, they’re streamlining the five R’s of reverse logistics – returns, recalls, repairs, repackaging and recycling. In all actuality, there are more than five R’s to reverse logistics (think receiving, recovery, reconditioning, re-boxing, resale etc).